1 million [BTC] moved in one block

[pooya87]

i saw this on reddit, thought i share it here to here your opinion on what is happening.

here is the link:
https://blockchain.info/block/00000000000000000603cba76274b479a7507ef9585518b06e192f1a6255b5b8

apparently this is not the only one either:
https://blockchain.info/block-height/393652    > 1,058,430.66780311 BTC

EDIT:
another one:

This is even more impressive than the 1 million block. This block is 4.3 million in size. I have never seen such a massive block.

http://blockr.io/block/info/394868

https://blockchain.info/block-height/394868   > 4,376,041.96283455 BTC

[SFR10]

This is cool, what a awesome feeling of receiving this amount and what an awful feeling of giving this much to someone. Just look at the transaction fee, it's amazing how much only given as comparison to sending this much money thru an established bank.

[lottery248]

what? one million bitcoins moved within a block? isn't this kind of number relatively bigger than what visa just did?
this is not possible until now, because under some of the statistic AFAIK, the bitcoin mixing requires a high volume, leading to the high transacting volume included that block.

[Rizky Aditya]

That is really cool to see. I always go onto Blockchain to see if there are any big blocks. I have never seen anything though.

[Jet Cash]

Maybe it's the silk road money that the US gov. grabbed. Nice to see they are supporting Bitcoin.

[pooya87]

does anybody know how to find the rest of the blocks that contain the rest of 10 million (19 JAN) and 11 million bitcoin (23 JAN)

all the block explorers (table info off all not one by one) only have the size-time-... information of the blocks not the amount/total output per block unless you check it one by one

[DimensionZ]

Wow the transaction fee of this behemoth is just shy of 1 btc. Was it confirmed instantly on the Blockchain?

[s@toshiClaims]

Yeah thats my transaction gived my kid some weekmoney (Damn i wish!) :p

[pooya87]

Wow the transaction fee of this behemoth is just shy of 1 btc. Was it confirmed instantly on the Blockchain?

i think you have mistaken "bock" with "transaction" 
~0.93BTC fee is the sum of 3085 transaction fees in this particular block which is not that out of ordinary.

[Amph]

it only show the beauty of bitcoin, you cna move millions without problem, of any kind related to id, declaration of money etc, probably an exchange that moved all those coins

[helloeverybody]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

[Bitcoinpro]

starting to make VISA look like piss

[bob123]

Someday we might see the double amount moved around in one block.

[calkob]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up

[Patatas]

Nice to see the Block reward is still at 25 bitcoins in .Unfortunately sad for miners after halving when the block reward   after mid 2016 that should be June, will be decreased roughly to 12.5 bitcoins.

[SuperCoinGuy]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up

I always have fears that I have copied wrong the receiving address If only the wallet addresses could be shorter.

[Blind Legs Parker]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up

I always have fears that I have copied wrong the receiving address If only the wallet addresses could be shorter.

Three steps (the order is not set in stone, it's as you wish) :
1) check that the address is correct
2) check that the amount is correct
3) check that the fees are correct

Don't start triple checking on top of that. It only adds to your stress and likeliness to make a mistake. If you follow these steps nothing can happen to you. One transaction a day will help you deal with that kind of stress.

[helloeverybody]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up

I always have fears that I have copied wrong the receiving address If only the wallet addresses could be shorter.

Three steps (the order is not set in stone, it's as you wish) :
1) check that the address is correct
2) check that the amount is correct
3) check that the fees are correct

Don't start triple checking on top of that. It only adds to your stress and likeliness to make a mistake. If you follow these steps nothing can happen to you. One transaction a day will help you deal with that kind of stress.

If im sending anything to myself i usually always send a small amount first and then if that comes through ok then i send the bigger amount. Not so easy to do if your sending bitcoin to somebody else though.

[aso118]

Transaction fees of 0.5 BTC.
We should use ppm (parts per million) to quote transaction fees, not %. 

[SuperCoinGuy]

Id be scared to do anything with that many bitcoins just in case i fucked up, Even after double and triple checking it was going to the right address im sure i would still manage to send it to oblivion somehow. Either that or end up paying a 1 million bitcoin fee and sending 1 bitcoin.

lol i feel your pain, im exactlly the same, i must check each transaction about 5 times and then shit myself 10mins waiting on it to turn up

I always have fears that I have copied wrong the receiving address If only the wallet addresses could be shorter.

Three steps (the order is not set in stone, it's as you wish) :
1) check that the address is correct
2) check that the amount is correct
3) check that the fees are correct

Don't start triple checking on top of that. It only adds to your stress and likeliness to make a mistake. If you follow these steps nothing can happen to you. One transaction a day will help you deal with that kind of stress.

If im sending anything to myself i usually always send a small amount first and then if that comes through ok then i send the bigger amount. Not so easy to do if your sending bitcoin to somebody else though.

That is a sure strategy but you are paying the fees twice.  And yeah these 3 steps are paramount but usually I just check the amount and the address because the fees are set to automatic in my wallet.